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Jump Crypto Just Counter-Exploited the Wormhole Hacker for $140 Million

Just over a year ago, the Wormhole bridge was attacked in one of the largest crypto loss events of 2022. Altogether, around 120,000 ETH was stolen — $325 million at the time.

Those funds were replaced by Jump Crypto, the Chicago-based crypto arm of Jump Trading, which was involved in the development of the Wormhole protocol. Jump’s motive was “to make community members whole and support Wormhole now as it continues to develop” according to a tweet issued by the company at the time.

According to a blockchain-based analysis by Blockworks Research, Jump finally won that fight. And it appears that as of three days ago, those funds have now been recovered. After considering the DAI repayment to retrieve the collateral, the net return from the counter exploit was around $140M.”

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